Narwee vs Riverwood
Riverwood (median $1,400,000) is roughly 14% cheaper to buy into than Narwee ($1,620,500). Over the past year, Narwee (+1.3%) ran 4.7 percentage points ahead of Riverwood (-3.4%) on house-price growth.
Buying in Narwee or Riverwood?
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Narwee and Riverwood side by side
| Measure | Narwee | Riverwood |
|---|---|---|
| Price and market | ||
| Median house | $1,620,500 | $1,400,000 |
| Median unit | $364,320 | $626,500 |
| House price change, 12 months | +1.3% | -3.4% |
| Renting | ||
| House rent | $850/wk | $850/wk |
| Unit rent | $620/wk | $700/wk |
| Owner occupied | 53.0% | 42.0% |
| Renter occupied | 44.0% | 54.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1037 | 1032 |
| Lifestyle and people | ||
| Walk score | 52 | – |
| Transit score | 20 | – |
| Bike score | 100 | – |
| Population | 5,411 | 12,793 |
| Median age | 40 | 40 |
| Climate | ||
| Annual rainfall | 889 mm | 889 mm |
| Mean max, January | 28.3°C | 28.3°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
On school quality, the average ICSEA across schools serving Narwee (1037) sits above Riverwood (1032). Narwee skews owner-occupied (53%), Riverwood runs more rental-dense (42% owner).
- For buyers
- Riverwood is the lower entry point at $1,400,000 median, 14% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Investors face a yield-versus-growth split: Riverwood delivers the better gross yield (3.16% vs 2.73%), but Narwee has run faster on capital growth this year. The right pick depends on whether you're optimising for cash flow or capital appreciation.
- For families
- Narwee edges out on average school ICSEA (1037 vs 1032).
Narwee vs Riverwood: common questions
Is Narwee or Riverwood cheaper to buy in?
Riverwood has the lower median house price at $1,400,000, roughly 14% below Narwee ($1,620,500). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Narwee or Riverwood?
Over the past 12 months, Narwee grew +1.3% vs -3.4% in Riverwood, a gap of 4.7 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Narwee or Riverwood have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Narwee scores 1037 vs 1032 in Riverwood. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, Narwee or Riverwood?
Gross rental yield on houses is 3.16% in Riverwood vs 2.73% in Narwee. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
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